Nomura Asset Management Co. Ltd. lifted its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 31.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,370 shares of the real estate investment trust’s stock after purchasing an additional 14,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Blackstone Mortgage Trust were worth $2,112,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Dana Investment Advisors Inc. acquired a new stake in shares of Blackstone Mortgage Trust during the second quarter worth $2,226,000. HighTower Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 1.3% during the second quarter. HighTower Advisors LLC now owns 29,835 shares of the real estate investment trust’s stock valued at $1,063,000 after buying an additional 392 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Blackstone Mortgage Trust by 14.3% during the second quarter. United Capital Financial Advisers LLC now owns 300,882 shares of the real estate investment trust’s stock valued at $10,705,000 after buying an additional 37,750 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 23.5% during the second quarter. Profund Advisors LLC now owns 10,993 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 2,094 shares in the last quarter. Finally, Providence Capital Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 2.8% during the second quarter. Providence Capital Advisors LLC now owns 34,462 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 929 shares in the last quarter. 59.02% of the stock is currently owned by institutional investors.

NYSE BXMT traded up $0.22 on Thursday, reaching $36.49. The stock had a trading volume of 11,257 shares, compared to its average volume of 685,325. The business has a 50 day moving average price of $35.29 and a 200 day moving average price of $35.36. Blackstone Mortgage Trust Inc has a 1 year low of $30.84 and a 1 year high of $36.77. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 2.93 and a beta of 0.53.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The firm had revenue of $106.48 million for the quarter, compared to the consensus estimate of $103.55 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.48 dividend on an annualized basis and a yield of 6.80%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 93.58%.

In other Blackstone Mortgage Trust news, EVP Douglas N. Armer sold 801 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $35.44, for a total value of $28,387.44. Following the transaction, the executive vice president now owns 69,963 shares in the company, valued at $2,479,488.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas N. Armer sold 915 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $35.36, for a total value of $32,354.40. Following the completion of the transaction, the executive vice president now owns 71,637 shares in the company, valued at approximately $2,533,084.32. The disclosure for this sale can be found here. Insiders sold 3,240 shares of company stock worth $114,739 in the last 90 days. Corporate insiders own 0.95% of the company’s stock.

A number of research analysts have recently weighed in on the company. ValuEngine downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.83.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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